Potbelly Corp. (PBPB) Shares Up 1.5%
Potbelly Corp. (NASDAQ:PBPB)’s share price shot up 1.5% during mid-day trading on Tuesday . The stock traded as high as $13.36 and last traded at $13.27, with a volume of 55,552 shares changing hands. The stock had previously closed at $13.08.
Several research firms recently issued reports on PBPB. Zacks Investment Research cut Potbelly Corp. from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 20th. TheStreet upgraded Potbelly Corp. from a “sell” rating to a “hold” rating in a report on Monday, April 4th. Finally, Robert W. Baird reiterated a “buy” rating on shares of Potbelly Corp. in a report on Monday, May 16th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $14.30.
The company has a 50 day moving average price of $12.80 and a 200-day moving average price of $12.70. The firm has a market cap of $346.29 million and a P/E ratio of 60.05.
Potbelly Corp. (NASDAQ:PBPB) last posted its quarterly earnings results on Tuesday, May 3rd. The company reported $0.04 EPS for the quarter, hitting analysts’ consensus estimates of $0.04. During the same period last year, the firm posted $0.03 EPS. The business had revenue of $96 million for the quarter, compared to analyst estimates of $96.19 million. Potbelly Corp.’s quarterly revenue was up 11.9% on a year-over-year basis. On average, equities research analysts forecast that Potbelly Corp. will post $0.37 EPS for the current year.
In other news, SVP Matthew J. Revord sold 30,000 shares of the business’s stock in a transaction on Friday, July 1st. The stock was sold at an average price of $12.46, for a total transaction of $373,800.00. Following the completion of the transaction, the senior vice president now owns 30,000 shares of the company’s stock, valued at approximately $373,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
An institutional investor recently raised its position in Potbelly Corp. stock. Comerica Bank raised its position in Potbelly Corp. (NASDAQ:PBPB) by 7.8% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 309,308 shares of the company’s stock after buying an additional 22,334 shares during the period. Comerica Bank owned about 1.02% of Potbelly Corp. worth $3,492,000 as of its most recent filing with the SEC.
Potbelly Corporation is a neighborhood sandwich concept offering sandwiches, salads and other menu items. The Company owns and operates Potbelly Sandwich Works sandwich shops in the United States. The Company also has domestic and international franchise operations of Potbelly Sandwich Works sandwich shops.
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